In life, charitable giving usually simply involves writing a check or handing cash over to the charitable organization of the donor's choice.

What if, on the other hand, a donor wishes to give everything they own (or a significant chunk of everything they own) to a charity? This is very generous, of course, but it's rarely possible during life, considering the expenses and obligations we all have. On the other hand, most people don't think they'll be needing their money after they die. Knowing this, many arrangements have been created allowing a person to have as much of their money as they want transferred to a charity of their choice after their death.

If you want to make a donation that's effective after your death, there are a few ways to do this. The most common method is also the simplest: leaving the charity whatever property you want to give to it in your will - this is known as a "testamentary gift."

Charitable Trusts in Mount Vernon, Indiana

Charitable trusts are arrangements that involve handing possession (but not necessarily ownership) of money or property over to a charity, either during the donor's life, or after their death.

While the money, for a time at least, is still technically owned by the donor, it is possessed and controlled by the charity, which acts as a trustee. The trustee is then able to use the money for the charitable purposes which have been laid out in the agreement that first appointed the trust.

The most common type of charitable trust in Mount Vernon, Indiana is a charitable remainder trust. Under this arrangement, you give a certain amount of money or property to a charity. The charity then invests this money, giving you or a named beneficiary a portion of the income generated from these investments for a set amount of time. Once this expires, the money that was initially invested goes to the charity, free and clear.

Obviously, if you want to help a good cause, you want to make sure that any charity you donate to is legitimate. Sadly, there are quite a few fraudulent charities out there. The best way to do this is to check and make sure that the charity is registered as a tax-exempt organization with the IRS, and the tax authorities in

Do I Need a Mount Vernon, Indiana Attorney?

Making a substantial charitable donation is a generous and admirable act. However, good intentions don't always lead to good results. To ensure that your donation has the most positive impact possible, you should discuss the matter in detail with representatives of the organization(s) you want to donate to. It might be helpful to have a Mount Vernon, Indiana lawyer handle these negotiations on your behalf, since they will likely understand the legal and financial complexities involved.

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Brad M.

Sussex, NJ

Wills, Trusts and Estates

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by Daniel G. , 08/29/2014

by Brian C. , 07/13/2014

Brad has helped me through four post-divorce motions over the last couple of years. He was a pleasure to work with and his staff is top notch. He treated me with respect and showed a personal interest in my needs and my case. Responses to my questions were always met with speedy and helpful responses. He did everything possible to get positive results and an outcome that was fair. Although the court can be unpredictable in their rulings, I feel I had positive outcomes in all of my motions thanks to Brad. I would recommend Brad for anyone going through divorce or post-divorce issues.

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Mr. M. Knows his stuff and make sure you understand the pros and cons of the decision you make

by Mary Katherine F. , 02/19/2011

good

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Brad has not only provided me with legal advice and services but emotional support as well. He is professional and very sensitive to his client's needs. I am more than satisfied by his services. He knows how to listen and put my insecurities/fears away. I highly recommend him...he is the whole package!

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This has been the best experience I have ever have. I would recommend Brad M. to anyone that would need an experienced wonderful caring attorney for family law.

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In the middle of all my turmoil i'm grateful the for the sensible guidance given to me by Brad M. M..He is an excellent listener, who calmly gave suggestions to my confused situation.I would surely reccomend him to anybody,especially to those who are sceptical of lawyers.He was more interested in finding a solution to my problem than asking for a fee.He is THE BEST. sheba, NJ

by Lisa Marie J. , 07/31/2009

Brad is very patient and knowledgeable. I felt he was genuinely pursuing and protecting my best interests.

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David L.

Ashland, OH

Wills, Trusts and Estates

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Gave complete and clear information

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Good value for money

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100%

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100%

by Julie W. , 11/07/2015

David L. helped with our will and estate planning. He did a great job. Everything was done on time and went according to plan.

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David was always frank and helpful. He was up front about costs and the prospects about the outcome. He worked hard to control the costs in my case while providing first class service that included some evening and weekend communication. He helped me understand the law as it related to my case and managed all of the dealings with the courts and the clerks.

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